Mr. Marko will discuss how technology improvements have resulted in an abundance of huge new natural gas shale resources that also offer very compelling finding and development costs, thus attracting worldwide attention.
This is causing the early natural gas shale landholders, many of whom are relatively small companies, to seek deep pocketed partners, thus resulting in natural gas shale deals being the dominant theme in the Merger, Acquisition, and Divestiture (MA&D) market in the United States.
During this same time, the severe drop in commodity prices in July 2008, combined with plummeting financial markets in September 2008, caused the conventional MA&D to almost cease to function.
A healthy and viable conventional MA&D market is only now returning and companies are choosing whether they will focus on natural gas from shales or focus on conventional natural gas assets.
He will discuss the current state of the market and future expectations.
Please register prior to the event to facilitate improved planning and admission. Walk-ins will be accepted on a first come/ first serve basis as space allows.
CHICKEN FRIED STEAK
If you have special dietary needs (diabetic, religious, allergies, etc.) please include a note of your meal needs during the on-line registration process in the box labeled "Optional comments for the event planner".
Valet parking is available at the ExxonMobil Building for $7.00 (on the Leeland Street side of the building). You may also park in the public parking lots around the ExxonMobil Building for fees that are generally in the $5 - $7 range.
PETROLEUM CLUB OF HOUSTON
800 BELL STREET
Nov. 11, 2010, 11:30 a.m. - Nov. 11, 2010, 1 p.m.